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GE Vernova, Hitachi Exploring SMR Deployment in Southeast Asia [Yahoo! Finance]

GE Vernova Inc. (GEV) 
Company Research Source: Yahoo! Finance
Energy giants GE Vernova and Hitachi said the companies have entered into a memorandum of understanding (MoU) as part of a plan to deploy the groups' water-cooled 300-MWe, BWRX-300 small modular reactor (SMR) in Southeast Asia. The companies on March 14 said the agreement was signed during the Indo-Pacific Energy Security Ministerial & Business Forum in Tokyo, Japan. The companies said they will collaborate through the GE Vernova Hitachi Nuclear Energy and Hitachi GE Vernova Nuclear Energy joint ventures to identify commercial opportunities for the BWRX-300 in the region. They said the collaboration also will explore opportunities to incorporate qualified Japanese suppliers and strengthen the SMR supply chain supporting future BWRX-300 deployment in Southeast Asia. Both groups noted the momentum behind the BWRX-300 technology, with several countries, including Bulgaria and Estonia , looking at deploying units. [caption id="attachment_245976" align="alignnone" width="640"] GE Vernov Show less Read more
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